$(25$ points$)$ The Bellwood Company is financed entirely with equity. The company is considering a loan of $$3\mathrm{.}1$ million. The loan will be repaid in equal installments over the next two years and has an interest rate of $8\%.$ The company$$s tax rate is $24\%.$ According to the trade$-$off theory, what would be the increase in the value of the company after the loan?